122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
122 16Th Ave, Paterson City, NJ 07501
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$1,250,000
Est. payment /mo
3,513 SqFt
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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,513 sqft

Price per Sqft $355

Subdivision Forth Ward

MLS Listing ID 4034154

Year Built 1925

Annual Tax Amount $20,481

Tax Year 2025

Lot Size 1,306 Sqft

Property Sub-Type Mixed Use

Property Description

Attention Investors & Developers: Bring your vision to this high-upside 6-unit mixed-use property situated in a desirable RA-2 zoning redevelopment district [1.1], positioning you for potential tax advantages and massive future development potential [1.1]. The property features two commercial storefronts seamlessly combined into one spacious commercial space perfectly setup as a restaurant kitchen with extensive fridge/freezer storage alongside four residential units, including two newly renovated luxury 3-bedroom apartments, one freshly refreshed 2-bedroom apartment, and a final 2-bedroom unit. Delivered as a blank canvas value-add asset, this property is the perfect opportunity for a developer or investor looking to optimize the space from day one and build for the future.

Location

State NJ

County Passaic

Zoning RA-2

Rooms

Basement Finished

Interior

Heating Gas-Natural

Cooling See Remarks

Equipment Restrooms - Private, Smoke Detector, Sprinkler System

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available See Remarks

Roof Type Asphalt Shingle

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


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Garden State MLS(GSMLS)
Listed by KELLER WILLIAMS MID-TOWN DIRECT

NEARBY SCHOOL & BUSINESS

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LivX .

LivX .

+1(973) 221-0545

Broker | License ID: 1859462

Broker License ID: 1859462

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122 16Th Ave